GreensKeeper Value Fund Trimmed its Position in American Express (AXP) in Q1

2 months ago 15

Soumya Eswaran

Thu, Apr 10, 2025, 6:35 AM 3 min read

GreensKeeper Asset Management, an concern absorption company, released its archetypal 4th 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Markets had a hard commencement to 2025; with precocious levels of volatility successful each of the main indices. The Value Fund finished the archetypal 4th +3.0% nett of fees and expenses nett of fees and expenses. For the archetypal quarter, the S&P/TSX retuned +1.5%, the S&P500 -4.2% and the Nasdaq –10.2%. The markets fell astir 10% this past week arsenic a effect of President Trump's April 2 "Liberation Day" tariff announcement. In addition, you tin cheque the fund’s apical 5 holdings to find its champion picks for 2025.

In its archetypal 4th 2025 capitalist letter, GreensKeeper Asset Management emphasized stocks specified arsenic American Express Company (NYSE:AXP). American Express Company (NYSE:AXP) operates arsenic an integrated payments company. The one-month instrumentality of American Express Company (NYSE:AXP) was -0.62%, and its shares gained 20.54% of their worth implicit the past 52 weeks. On April 9, 2025, American Express Company (NYSE:AXP) banal closed astatine $262.36 per stock with a marketplace capitalization of $162.23 billion.

GreensKeeper Asset Management stated the pursuing regarding American Express Company (NYSE:AXP) successful its Q1 2025 capitalist letter:

"Our 2nd largest contractor successful the 4th was American Express Company (NYSE:AXP). AXP finished 2024 connected a beardown note, with net increasing 23% for the year. While provisions for recognition losses increased, reflecting a much cautious recognition outlook, nett write-off rates remained beneath humanities averages, indicating spot successful the underlying recognition quality. AXP remains well-capitalized, and its affluent lawsuit basal is expected to fare amended than the wide system successful the coming months. However, the banal was not cheap, and we trimmed our presumption successful Q1."

"One of America’s Great Companies—I'd Buy More!"

A close-up presumption of a outgo terminal, capturing the sophistication of a outgo network.

American Express Company (NYSE:AXP) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 71 hedge money portfolios held American Express Company (NYSE:AXP) astatine the extremity of the 4th fourth which was 62 successful the erstwhile quarter. In 2024, American Express Company (NYSE:AXP) reported a grounds revenue of $66 billion, up 10% connected an FX adjusted basis. While we admit the imaginable of American Express Company (NYSE:AXP) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

Read Entire Article